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(URGENT) S. Korea's exports rise 20.6 pct on-year to US$53.9 bln in Feb.
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(Yonhap Interview) Airbus expects spike in Asia-Pacific aircraft demand after pandemic
By Choi Kyong-aeSEOUL, Feb. 28 (Yonhap) -- European aircraft maker Airbus expects a spike in demand for new aircraft from South Korea and other Asia-Pacific countries in the next two decades as cargo flights and passenger travels will rebound after a
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S. Korean trade chief to visit Mexico for talks on supply chain, FTA
SEOUL, Feb. 28 (Yonhap) -- South Korea's Trade Minister Yeo Han-koo will visit Mexico this week for talks on ways to boost cooperation on supply chains of key materials and their push for a bilateral free trade agreement, Seoul's industry min
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(LEAD) S. Korea to seek exemption for local firms from U.S. tech sanctions against Russia
(ATTN: UPDATES with more details from para 7; ADDS photo)SEOUL, Feb. 28 (Yonhap) -- South Korea will seek close consultations with the United States to receive an exemption from Washington's recently expanded sanctions against Russia to minimize
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S. Korea to seek exemption for local firms from U.S. tech sanctions against Russia
SEOUL, Feb. 28 (Yonhap) -- South Korea will seek close consultations with the United States to receive an exemption from Washington's recently expanded sanctions against Russia to minimize the impact of the restrictions on local firms and the eco
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Samsung Bioepis secures 10 biosimilars in 10 yrs
By Kim Han-jooSEOUL, Feb. 28 (Yonhap) -- Samsung Bioepis Co. said Monday that it has secured a total of 10 biosimilar products, including five that are globally available, as the South Korean biopharmaceutical company celebrates its 10th year anniver
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Overseas card spending jumps 18.6 pct in 2021 on strong won
SEOUL, Feb. 28 (Yonhap) -- South Koreans' overseas card spending swelled nearly 19 percent in 2021 amid a strong local currency against the U.S. dollar, central bank data showed Monday. The amount of money spent overseas by South Koreans with car
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S. Korea's dependency on Japan materials, parts hits fresh low in 2021
SEOUL, Feb. 28 (Yonhap) -- South Korea's dependency on Japanese materials and parts fell to an all-time low last year following Tokyo's control of exports of key products bound for Seoul, the industry ministry said Monday.Imports of Japanese
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S. Korea retains 5th place in global vehicle output: report
SEOUL, Feb. 28 (Yonhap) -- South Korea ranked fifth in terms of the global vehicle production last year, retaining the spot for the second consecutive year, amid efforts to minimize the fallout from the pandemic-caused global chip shortages, a report
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Home transactions dip 54 pct in Jan. on lending curbs
SEOUL, Feb. 28 (Yonhap) -- Home transactions in South Korea tumbled more than 50 percent in January amid tough lending curbs and rising interest rates, government data showed Monday. The number of homes changing hands nationwide stood at 41,709 units
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S. Korea set for talks with U.S. over joining sanctions on Russia
SEOUL, Feb. 27 (Yonhap) -- South Korea will have talks with the United States early next month over joining Washington in export sanctions on Moscow following Russia's invasion of Ukraine, the finance ministry here said Sunday.The ministry said i
Top headlines in major S. Korean newspapers
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SEOUL, Feb. 26 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 26.Korean-language dailies-- Yoon raises need to join U.S. missile defense system to counter N.K. missiles (Kyunghyang Shinmun)-- Presidential candidates a
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(2nd LD) S. Korea to offer trade financing to exporters amid looming impacts from Ukraine crisis
(ATTN: UPDATES with more details in para 9)SEOUL, Feb. 25 (Yonhap) -- South Korea said Friday it plans to provide financial support to local exporters in an effort to minimize the looming fallout from international sanctions against Russia over Mosco
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S. Korean chipmakers brace for impact from U.S. sanctions against Russia
SEOUL, Feb. 25 (Yonhap) -- South Korean chipmakers will be affected by export controls that Washington imposed on Russia over the Ukraine crisis, but the impact is not likely to be significant, experts said Friday.The U.S. Commerce Department announc
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S. Korean economy able to grow in 3 pct range despite downside risks: minister
SEOUL, Feb. 25 (Yonhap) -- Finance Minister Hong Nam-ki said Friday the South Korean economy will be able to grow in the 3-percent range as expected for this year despite the upsurge in COVID-19 cases and escalating tensions over Ukraine.Hong made th
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Korea Gas swings to profit in 2021
SEOUL, Feb. 25 (Yonhap) -- South Korea's state-run gas company Korea Gas Corp. said Friday it swung to a net profit in 2021 thanks to increased sales and strong gas prices.Consolidated net profit stood at to 964.5 billion won (US$802 million) las
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5-yr jail term upheld for ex-head of scandal-ridden SillaJen over alleged embezzlement
SEOUL, Feb. 25 (Yonhap) -- An appellate court on Friday upheld a five-year prison sentence for a former head of the scandal-ridden biotech company SillaJen charged with embezzlement.The Seoul High Court, however, sharply reduced the amount of fine th
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(LEAD) S. Korea to offer trade financing to exporters amid looming impacts from Ukraine crisis
(ATTN: CHANGES headline; REVISES lead; UPDATES with more details throughout)SEOUL, Feb. 25 (Yonhap) -- South Korea said Friday it plans to provide financial support to local exporters in an effort to minimize the looming fallout from international sa
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S. Korea to support companies to minimize impacts from Ukraine crisis
SEOUL, Feb. 25 (Yonhap) -- South Korea said Friday it plans to provide financial support to local exporters in an effort to minimize their potential damage from international sanctions against Russia over Moscow's invasion of Ukraine.The United S
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S. Korea's fisheries output rebounds in 2021
SEOUL, Feb. 25 (Yonhap) -- South Korea's fisheries output rebounded last year from the previous year on the back of increased fish stocks and expanded fishing grounds, data showed Friday.Total fisheries output amounted to 3.82 million tons last y
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